SERVICE FOCUSED ON HEALTH INSURANCE

For employers, employees, families and individuals who are tired of the broken health insurance and financial service systems. Seqouyah Group provides access to employee benefits that are clear and easy to understand. let our experts help you make the best decision for your life and the lives of those you work with.

Our new enrollment portal allows for easy enrollment to your employee benefits. Best of all, our staff is ready to help. As always, we keep your information safe and secure.

Get Up to Speed on the Latest HSA/HDHP Limits for 2019

On May 10, 2018, the IRS released Revenue Procedure 2018-30 to announce the inflation-adjusted limits for health savings accounts (HSAs) and high deductible health plans (HDHPs) for 2019. These limits include:

The maximum HSA contribution limit;

The minimum deductible amount for HDHPs; and

The maximum out-of-pocket expense limit for HDHPs.

These limits vary based on whether an individual has self-only or family coverage under an HDHP.

The IRS limits for HSA contributions will increase for 2019. The HDHP maximum out-of-pocket limits will also increase for 2019. The HSA contribution limits will increase effective Jan. 1, 2019, while the HDHP limits will increase effective for plan years beginning on or after Jan. 1, 2019.

ACTION STEPS

Because the cost-sharing limits for HDHPs will change for 2019, employers that sponsor these plans may need to make plan design changes for plan years beginning in 2019. Also, if an employer communicates the HSA contribution limits to employees as part of the enrollment process, these enrollment materials should be updated to reflect the increased limits that apply for 2019.

HSA/HDHP Limits

The following chart shows the HSA and HDHP limits for 2019 as compared to 2018. It also includes the catch-up contribution limit that applies to HSA-eligible individuals who are age 55 or older, which is not adjusted for inflation and stays the same from year to year.

Type of Limit

2018

2019

Change

HSA Contribution Limit

Self-only

$3,450

$3,500

Up $50

Family

$6,900

$7,000

Up $100

HSA Catch-up Contributions(not subject to adjustment for inflation)

Age 55 or older

$1,000

$1,000

No change

HDHP Minimum Deductible

Self-only

$1,350

$1,350

No change

Family

$2,700

$2,700

No change

HDHP Maximum Out-of-pocket Expense Limit(deductibles, copayments and other amounts, but not premiums)